Giralamo Savonarola And The Development Of The...

Giralamo Savonarola and the Development of the...
THESIS STATEMENT
The moral fanatic and religious fundamentalist, Giralamo Savonarola, inhibited the development of
the Renaissance in Florence and brought the city back into the Middle Ages.
PURPOSE STATEMENT
Through scholarly research of Florentine politics and daily life during the rule of the Medici, it is
affirmed that Giralamo Savonarola used religion and fear to inhibit the progression of the
Renaissance in Florence.
INTRODUCTION
Religion provides hope for those who are hopeless. It aims to welcome those who are alienated and
feel that their life has no purpose. Religion served the same function in the Middle Ages and
Renaissance as it does today. However, religion was embraced more during the Middle Ages by
desperate ... Show more content on Helpwriting.net ...
Lorenzo and his humanist circle had a great influence on artist in patronized including Botticelli.
During the Middle Ages, the church commissioned most of the art being produced which limited the
subject matter and censorship. Now, however, the Medici were the chief patrons using art as a
political declaration rather than a religious idea. Commissioned by the Medici, Donatello's David
was the first free–standing nude sculpture completed since antiquity (Gilmore 83). The work
symbolized the shift of the arts from the church to the political forum. As art and learning thrived,
morals and grace declined in the eyes of the church. Many religious traditionalist viewed Florence
as an evil and godless city. These fundamentalists eagerly waited for a great reformed to restore
Florence to a religious city.
PREACHER AND REFORMER Giralamo Savonarola was born in Ferrara in 1452. He was brought
to Florence by Lorenzo after Pico della Mirandola encouraged him to bring Savonarola to the city.
In Ferrara, Savonarola was a traditionalist and a moralist and renowned as a preacher and a prophet.
Upon his arrival, Savonarola did not intend on reforming the city and returning it to a religious
centered state. Yet, after witnessing the atrocities of Florence, he became a reformer and an
outspoken enemy of the Medici family. Savonarola believed with a passionate conviction that God
ruled the world and he personally felt responsible to turn people away from sin towards God.
... Get more on HelpWriting.net ...

How Did The Medici Have Too Much Power
The Medici had too much power. Why. Because, they want to become power for themselves. The
Medici's complex relationship with Florence and used their position of the papacy to build their own
power through and after the Pope Leo X indulgences. In the country of Florence, people would used
their time wisely and their choice through a man would of raised into the country in their way to a
ruler and they would controlled fairly. Compared to the Medici the people would have to follow the
rule. The Medici wants to build more to his country and for him to become powerful The room full
of people talking, and in that room The Medici family and Cosimo and Florence. What they are
doing is talking about the wealthiest power. '' By 1457, under the direction of Cosimo, The Medici
family was both the wealthiest and the most powerful in all Florence'' (The Italian Renaissance).
How did Cosimo build up their power? I think people wanted their time fairly to make choices to
raised ... Show more content on Helpwriting.net ...
This means, that papers that is remission from the sins. According to Jerry Brotton, '' [ Pope Leo X]
started selling what are called papal indulgences. And these are basically pieces of paper which give
you remission from sins. So if you'd been naughty in some respect the Pope would sell you an
indulgence which would remit your sins, it would cleanse your sins'' (''The Medici Popes''). I
wonder why would the Pope Leo X sell the papal indulgence. My opinion, is that I think those
papers were really important to others people that may had work with the Pope. This is just similar
to ''The Inquisition'', they had consisted of the powerful and into their agents to manage the system
of courts, prisoners, that become known as the Holy Office. The Pope said, ''God has given papacy
to us, let us enjoy it''. Pope Leo, wants to enjoy what God has given to him and he did not care about

Medici Family Research Paper
When you here about the Medici Family, you most likely think of banking and wealth. It wasn't
always like that. The Medici family first attained wealth and great political power in Florence in the
13th century through its big success in commerce and banking.
The Medici fortune was basically started in 1397 when Giovanni di Bicci de' Medici started the
bank of Florence. At the time, Florence was the very big and important center of banking. When
Cosimo, Giovanni's son, took control the Medici bank grew into the most powerful bank in Europe
during the 15th century with locations in Rome, Venice, Naples, Milan, London, and Geneva. One
of the biggest bank clients was the Vatican, and the bank was involved in textile and alum trades.
While the Medici bank was thriving, Cosimo was using his wealth to influence Florentine politics,
setting forth the Medici political dynasty. As a key patron of the arts, Cosimo helped put Florence at
the center of the Renaissance. With all good things coming to an end, Cosimo died in 1464, the bank
went into a huge decline and by the end of the 15th century most of all of their branches had closed.
Although the bank wasn't doing so well, the Medici dynasty continued and family members served
as dukes of Florence and grand dukes of Tuscany from the early 1530s to 1737. ... Show more
content on Helpwriting.net ...
He was the last family member to serve as grand duke of Tuscany. He came into power in 1723 and
had a life of extreme corruption and died without any heirs. Because of an agreement of the
European powers, he was succeeded by Francis, the duke of

Medici Family Influence
The Medici Family was an Italian banking family, they became a political dynasty and later on a
royal house, that family started to gather prominence under Cosimo de' Medici In the republic of
Florence in Italy during the 14th century. The family was from the Mugello region of the Tuscan
countryside, they were gradually rising until they fund the bank that was called the Medici Bank.
The Medici Bank was the largest in europe during the 15th century, we can see that the Medici
gained political power in florence, though officially the remained only citizens not monarchs. The
Medici Bank became so powerful that they dominated the city's government, they took over
Florence, Florence was under their family's power, they also created an environment ... Show more
They worked really hard to get in power, it took them around 100 to the family get so high in wealth
and authority. To get there they also did a lot of bad things such as killing a lot of people and these
other people were their bank's rivals, but if they didn't they would be dead because their rivals you
have probably done the same, and after they did that they just became even more powerful like
super powerful. Even though they did a lot of bad things they still helped a lot of people and also the
renaissance. The Medicis Family also had a lot of connections to popes, lords and kings, so that
made them even more powerful and harder for anyone who would try to stop them and The Medicis
patronized a lot of artists which helped art to become such a big thing during the renaissance,
because of them people started to pay attention to the art and if that hadn't happened we would not
be where we are today with art.
The Cons of The Medicis:
They were very cruel and they would kill anyone standing in their way ( they probably read "the
prince")
They were so powerful that they made the catholic church give them 10% of each person's tax, that
is one reason why they were so

History Essay Questions
The Commercial Revolution
"The Moneylender and His Wife," Quentin Metsys (1514)
AP European History
J.F. Walters (2010)
1
Commercial Revolution: Essential Questions
1. How did developments in the late Middle Ages impact the Commercial Revolution?
2. What contribution did Luca Pacioli make to the Commercial Revolution?
3. What was the nature of banking in the Commercial Revolution?
4. What was a joint–stock company?
5. What was the Domestic System" in England?
6. What was the Price Revolution and what were its results?
7. What were the principles of mercantilism and what impact did it have on economics and politics?
8. In what ways did the Commercial Revolution sow the seeds of capitalism?
9. What was "Tulip Mania" ... Show more content on Helpwriting.net ...
As moneylenders, they became immensely wealthy, controlling Spanish customs and extending
their power throughout Spain's overseas empire. Their influence stretched from Rome to Budapest,
from Lisbon to Danzig, from Moscow to Chile. In their banking role, they loaned millions of ducats
to kings, cardinals and the Holy Roman emperor, financing wars, propping up popes, and
underwriting new adventures –– putting up the money, for example, that King Carlos of Spain gave
Magellan in commissioning his voyage around the world. In the early sixteenth century the family
patriarch was Jakob Fugger II, who first emerged as a powerful figure in 1505, when he secretly
bought the crown jewels of Charles the Bold, duke of Burgundy. Jakob first became count in
Kirchberg and Weisserhorn; then, in 1514 the emperor Maximilian I
–– der gross Max –– acknowledged the Fuggers' role as his chief financial supporter for thirty years
by making him a hereditary knight of the Holy Roman Empire. In 1516, by negotiating complex
loans, Jakob made Henry VIII of England a Fugger ally. It was a tribute to the family's influence,
and to the growth of trade everywhere, that a year later the Church's Fifth Lateran Council lifted its
age–old prohibition of usury.
Source: A World Lit Only by Fire: The Medieval Mind and the Renaissance, William Manchester
(Boston: Little, Brown & Co., 1992), pp. 48–50.

AP European History The Commercial

How Did Giovanni De Medici Family's Rise To Power
Giovanni di Bicci de' Medici initiated the Medici family's rise to power during the Renaissance by
founding the Medici Bank. Giovanni was born in 1360 to his father, Averardo de' Medici, and his
mother, Jacopo, Spini. Although Giovanni was not born into a wealthy family he got his start
working in bank management beside Vieri di Cambio de' Medici. Vieri taught Giovanni about
banking and in 1385 Giovanni ran the Rome branch of Vieira's bank (Cole 1). After Vieri retired
Giovanni gained control of the business and founded the Medici Bank in 1397. He relocated the
headquarters of the bank to Florence while preserving the branch in Rome. In addition to relocating
the headquarters, by 1402 the Medici Bank had spread its branches throughout Rome and Venice. ...
Show more content on Helpwriting.net ...
The banker became very good friends with the pope of the time, Antipope John XXIII, where
Giovanni de Medici became well established as his banker. Furthermore this gave Giovanni's bank
more credibility. In 1421, he also served as Gonfaloniere of Justice, a government position during
the medieval and Renaissance period (Cole 1). In 1386, he married Piccarda Bueri and later had his
first son in 1389 named Cosimo di Giovanni de' Medici. Presumably by the time of Giovanni's
death, the Medici Bank was flourishing and Giovanni's fortune was worth around 180,000 gold
florins (Cole 1). Due to the banking empire Giovanni established, this directly leads to Cosimo
Medici becoming the founder of the Medici Dynasty and the Father of the

The Medici 's Influence On The Renaissance Period
The Medici family, also known commonly as the house of the Medici was a wealthy merchant class
family who gained their wealth and political power through its success in commerce and banking.
With the rise to power of Cosimo de' Medici in Florence, the city was launched into the Renaissance
period as the family's support of the arts and humanities were a big influence.
Until the late 14th century the leading family of Florence was the House of Albizzi. The main
challengers to the Albizzi family were the Medicis. The Medici controlled the Medici bank–then
Europe 's largest bank–and an array of other enterprises in Florence and elsewhere. In 1433, the
Albizzi managed to have Cosimo, one of the Medici, exiled. However, a pro–Medici leader was ...
Giovanni was a cardinal and future pope who was able to return the Medici family name back to
Florence in 1512. The years to come marked a peak in Medici influence in Europe. Giovanni, as
was his father, was another big supporter of the arts and was able to provide artists with work.
By the 1520's few descendants of Cosimo remained. However, the Medici remained masters of
Florence through their two famous 16th century popes, Leo X and Clement VII. Both were patrons
of the arts, but in the religious field they proved unable to advance the ideas of Martin Luther.
Clement married of his first cousin, Catherine de ' Medici, to Francis I of France, the future Henry
II. Clement's plan worked as it led to the Medici blood being transferred to the royal family of
Spain.
In the 1500's Ferdinando, part of the Medici bloodline, did much to keep the name of the Medici
high and in power. Ferdinando built a road networks in Southern Tuscany and cultivated trade in
Leghorn with the silk industry. Ferdinando even proposed a Tuscan expedition to the New World
with the intention of establishing a Tuscan colony. Ferdinando is thought to have been wealthier
than their ancestor, Cosimo de ' Medici, the father of the Medici dynasty.
Overall, the Medici family used themselves as chess pieces in a real life game for power and wealth.
Their lineage become more difficult to trace as time progresses due to the fact that they are marrying
themselves off to form alliances and

Necker's Financial Report
From Louis XIV, who chose to ignore the deficit on his balance book hundreds of years ago after his
reliable accountant Jean–Baptiste Colbert died, to the Lehman Brothers, who collapsed in
September 2008 for trading worthless mortgages and swaps, frauds and negligence in financial
accountability seems never ending. Once constrained these unethical practices, a flourishing society
and stable political status can be established, but rarely merchants and governments can completely
and consistently achieve that. The Reckoning shows the significant role of accounting for a
successful merchant and a favorable government. At the same time, reliable financial accountability
can be conserved by "full cultural engagement" instead of an enforceable accounting ... Show more
Even in 15th–century Italy, where were famous for its prosperous business and active merchants,
according to Pacioli, rarely people could achieve that goal. The mysterious verve of accounting not
only attracted public and rulers attention, but also induced them to combine the success with good
bookkeeping method. In some degree, it is the truth, but in today's view, merely being a good
accountant is not enough to be a successful businessman. After more and more successful
accounting related stories came out, public firmed their high value of accounting, which connected
it to every things in their lives as well as God. This actually created a pressure for accountants to do
the best in financial accountability, or at least, they purposely presented a beautiful surface, because
public concerned and admired this industry. This sounds like an idol in today's society, who needed
to be careful about their behaviors. This culture, as well as other cultures, could not survive without
authority permission, so it is easy to infer that rulers also tried to use accounting to govern society
better and managed their own properties. In history, however, from Emperor Augustus to the first
American superintendent of finance, rarely people consistently follow accounting ethics, but one
thing was certain, accounting always helped these

The Medici Family During the Renaissance Essays
Florence, Italy was a city just like any other during the Renaissance. It was city of 50,000 people,
less than there were in Paris and Venice but more than most other European cities. The busiest parts
of the city were the Ponte Vecchio, a place lined with markets and houses, the neighborhood of the
Orsanmichele and Mercato Vecchio, or the Old Market. Florence was a place of beauty and leisure.
A Venetian visitor once said, "There is in my opinion no region more sweeter than that wherein
Florence is a placed for Florence is situated in a plain surrounded on all sides by hills and
mountains...And the hills are fertile cultivated, pleasant..." (Unger, pg. 1). Florence was a very
prosperous city; it made fortunes off of wool and ... Show more content on Helpwriting.net ...
At first, Giovanni was not wealthy. His family had very little money. After his mother's death, due to
his current financial situation, Giovanni's cousin, Vieri di Cambio de' Medici employed Giovanni
and his brother, Francesco to work at his bank. In 1385, he was married off to Piccarda Bueri, who
was the mother of Cosimo and Lorenzo. Following his marriage, he took a risk and invested in his
cousin's bank. He moved to Rome to become an executive partner of Vieri's southern bank believing
he was now skilled enough to attain wealth by using the methods of his cousin. A few years later,
Giovanni established the first Medici bank in Florence with a branch in Rome. A couple years after
that, he opened a branch in Naples and Venice (Parks, XI). Baldassare Cossa, a pirate whose
ambition was to become Pope was one of Giovanni's first clients (PBS: Godfathers of the
Renaissance). With the help of Giovanni, Cossa got his wish and became Pope in 1410. His bank
flourished due to Baldassare Cossa's success in becoming Pope. Dealing with the papacy had
opened up new doors into the Church for Giovanni. It drastically increased the number of clients
Giovanni affiliated with. He didn't achieve much compared to his sons and grandchildren but
because established the first Medici Bank, he helped his family acquire great wealth and popularity.
Cosimo di Giovanni de' Medici Cosimo de' Medici, also known as "The Father of his Country", was
Giovanni's eldest son. From an

The Medici Influence and the Italian Renaissance Essay
A post Middle Age Italy was afflicted by medieval wars and the bubonic plague. A change was
needed to restore the vision of what Italy could become. This change was found within one family:
the Medici's, who helped to return the glory and influence to Florence. The Medici's saw the value
in contributing to the advancement of the greatest minds of the period. This was evident in their
patronage of leading Artists such as Michelangelo and of renowned Teachers such as Galileo. The
sphere of influence the Medici's enjoyed also extended to the political arena, which happened to be
heavily influenced by the Catholic Church at the time. The Medici's were able to capitalize on the
power of the Church and through this influence and the use of ... Show more content on
Helpwriting.net ...
(Medici) In the Florentine republic, where economic power was almost synonymous with political
power, achieving this financial feat made way for social distinction. (The Medici) With Giovanni's
death in 1429, there were those who tried to capitalize on the opportunity to displace the Medici
family from its place in the social and political landscape of the time. One such opportunity was
taken with the help of a wealthy rival, the Albizzi family, who put in motion a plot to have
Giovanni's son, Cosimo de Medici, arrested on accusations of treason and banished to Venice. This
did not happen without consequences. With Cosimo's exile he took with him a large source of
Florentine capital, the Medici Bank. The Pope intervened and restored the Medici's to power. Thus
began Cosimo's restoration of Florentine pride and the support of great artists that many admire
today. An example of the Medici support to artists involves The Dome of Santa Maria del Fiore. The
dome of the chapel was built so large that no architect knew how to complete the rooftop structure
and was a humiliating point in Florentine history. A contest to see who could develop a solution to
complete the dome was won by a Florentine engineer named Brunelleschi, who felt he had found
the solution. With the successful completion of the chapel, support from Cosimo de Medici and the
holy consecration performed by the Pope, a great structure was once again a source of pride to the
Florentines and the

Cosimo De Medici's Influence On Florence
The Medici family earned their status by commerce rather than warfare, marriage or inheritance,
and they were the first princely dynasty to do so. Cosimo de Medici never held office, but ran
Florence through his wealth and strategic mind from 1434–1537. He played a large part in the
patronage of the arts and the political development of the city. His patronage allowed men to
achieve such impressive architecture. Brunelleschi, for example, who restored the church at San
Lorenzo. Cosimo centered the city around cultural and creative achievements. He allowed Florence
to enter the age of the Renaissance by proving himself and his policies to the people, and making
the citizens of Florence proud.
Cosimo de' Medici was born on September 27, 1389 in the city of Florence, Italy. He was also
known as Cosimo the Elder, Cosimo il Vecchio (Italian), and Pater Patriae (Latin), meaning "Father
of his country"(Encyclopedia Britannica Online). Cosimo received the best education available
during the 14th century (The Medici Family). He grew up with a sense of classical ... Show more
He was a skilled and wealthy politician who used his wealth to his advantage in maintaining
absolute control in Florence (PBS). During Cosimo's era, there were many accomplishments. In
1436, Brunelleschi completed his dome and in 1446, Donatello unveiled his David. Both with the
help of Cosimo's funding and patronage of the arts and architecture. In 1437, Cosimo opened the
first public library in San Marco. The Battle of Anghiari ended with a Florentine victory over Milan
in 1440. Another great achievement that occurred during his era was the publishing of the first book,
the Bible, by Johannes Gutenberg (PBS). Cosimo also founded the Platonic Academy of Florence.
He was a great contributor to the arts and Cosimo managed and funded the Renaissance in Florence
single handedly (Tom

Influences of the Medici Family During the Renaissance
The Renaissance was a very important time period in the world. Without the Renaissance many
things besides the art world would be different. Another thing would be the banking system. What
people consider art could be completely different. The Medici family really helped Florence become
the main city of the Renaissance. At one point, sienna would have been the main city because
people believed that just looking at their city was like art. Just looking at the city made someone
shiver. Siena had a few things that it could offer but nothing like what Florence had to offer.
Although Siena was an advanced city at the end of the Middle Ages Florence surpassed it to become
the center of the Renaissance mostly due to the Medici family. At one point during the Renaissance
Siena was supposed to be the center of the Renaissance. Florence eventually took it over to become
the center (travelrental). Sienna enjoyed architecture and that was mostly what people considered art
during this time period. Another reason was because Siena was a beautiful city with really pretty
views. Nobody during this time period really knew what real art was except for some really famous
painters (spitz 110). The architecture on the buildings of Sienna was absolutely outstanding. Many
people came to visit just so that they could see the outstanding detailed buildings. A visitor could not
walk down a street in Siena without seeing one marvelous building filled with design (courtauld).
Siena was a city that

Forence And Leadership Of The Renaissance
How did florence gain leadership of Renaissance?
The Renaissance (Rebirth) declined throughout most of the Europe. The renaissance is an Italian
idea, androgen the Italian Renaissance generally covers the periods from the beginning of the 14th
century to the end of the 16th century. And florence is the birthplace of the Italian Renaissance.
The artistic and economic changes that are associated with the Renaissance, first began in the
Florence.Trade, crusades and the expansion of commerce in city states (11th and 12th ) centuries
helped florence a lot in economy. Geography also made florence a model of Renaissance culture
because it was central Italy, agriculture thrived in tuscany and Lombardy and Florence conquered
Pisa in 1406 (access to sea , expansion of trade)
Medici Family (Ruler of florence during renaissance) Florence was a major financial Centre for
around 60 years and was dominated by the Medici family. The Medici family were wool merchants
and bankers and they became patrons of art and lie at the heart of ... Show more content on
Helpwriting.net ...
They studied the writings and works of the Greeks and the Romans and realized that earlier
civilizations had lived differently. This new way of thinking was called Humanism. The defining
concept of the Renaissance was humanism and was the philosophical backbone of the Renaissance
.Humanism became quite popular during the Renaissance. The Humanists also had a great effect on
education. They supported studying grammar, poetry, and history, as well as mathematics,
astronomy, and music. Humanism relied on flexible thinking and being open to all of the
possibilities of life and less concerned with the thinking of the past. The Florentine people were very
proud of their form of government in the early 15th century. A place that respects the opinions of
individuals, and individualism was an important part of the Humanism that thrived in Florence in
the 15th

Summary: The Medicis
During the Renaissance Era, the Medicis brewed a riveting mix of luxury, patronage, and financial
gridlock. Systematically, they acquired prominence in finance, but not without the clout of papist
and political entanglement. Their church ties further amplified their grip on society, easing the
effortless, oppressive means by which they showered debt upon the masses. As this book will
discuss, this Italian banking family transcended the world of finance, but rather, extended their
hands into a life of political dynasty. Their ascension to power coincided with devastation of the
European population, following the black plague. This, in accordance with widespread mayhem,
birthed in place the systems, stability, and advancement from which the Medicis ... Show more
There was a time in which this family operated their banks with the aid of management (Parks 181).
The grandfather, Cosimo, facilitated this arrangement (Parks 154). Constructing a managerial
structure prevented the family from capitalizing on their banking branches. One might think this
would stop the prospect of financial corruption. However, this dynamic evolved, as the younger
generations employed their political understanding, and their search for power. Lorenzo Medici was
hailed his adoration for poetry, his overt preference for aristocratic lifestyles, and his shameless
longing for political power (Parks 189). Internally, their financial structure was lacking a morality,
ethical structure, and a stable operational system. Lacking the consistency that a more modern bank
now has, the Medici Bank fell to giving into bribes and exchanging for political favors which
ultimately drove the bank into the

Annotated Bibliography: Marie De Medici
Marie De Medici: Marie De Medici was the daughter of Francesco I and Grand Duke of Tuscany,
she was the wife of Henry IV and mother to her son Louis XIII. Marie's son Louis was sent to
Palazzo, Pitti,Florence to build a house that was similar to her home as a child. Marie focused on
decorating her palace in the 1620's. She hung lots of paintings and art by many artists on the history
of the Medici family. By 1630 Marie left France after a political struggle. Giovanni De Bicci De
Medici: Giovanni established political and financial power of the Medicis and was one of the richest
bankers in Italy because he was also the Medici bank founder. Giovanni was the first Medici to
really like the looks of art and decorate his house with it and support

Research Paper On Cosimo
I chose Cosimo because not only did he make a lot of money and Money = Success, but he also
pushed forward his "Civilization"(Florence, Italy) single–handedly ushering in a new age. He also
introduced a lot of outside influences and cultures to Europe which was a rare occurrence in the
15th Century. Cosimo was born and lived out his life in Florence, Italy which is located on planet
Earth. His legacy is that of a man who brought a flourish of culture advanced Italy and Europe
forward with his quest for the knowledge of other nations. He was sly, and also a natural academic,
these factors led to him being able to take advantage of local politicians as well as persuade the
people to believe that his political views were correct.
Cosimo de'

An Essay About Michelangelo
Michelangelo was born in March, 1475 in Caprese. He was an Italian painter, sculptor, architect,
and poet. He is one of the biggest contributors to the development of Western art today. He was also
called "the divine one" and "The Renaissance Man". Michelangelo's ancestors before that were
small time bankers. The bank that his family was working with failed and his father had to get a
temporary governmental job. A couple of months after Michelangelo was born, his family moved
back to Florence, Italy. His mother was ill for a long time and died in 1481 when Michelangelo was
just six. He then went to go live his nanny and her husband who was a stonecutter in Settignano.
Michelangelo began to admire marble in Settignano because his father owned a marble quarry there.
Michelangelo was later sent to study grammar with Francesco da Urbino who was a Humanist. ...
When the year 1505 hit, Michelangelo was then invited by the newly invited pope, Julius II back to
Rome. When he arrived he was commissioned to build the tomb of the Pope, this tomb had forty
statues and was planned to be finished in five years. While working on this huge tomb Michelangelo
was constantly distracted by other tasks. This caused Michelangelo to go from finishing it in five
years to him taking a whole forty years. Michelangelo was never satisfied with it though, and he
never did get to finish it to his full satisfaction. The tomb is mostly known for its statue of Moses
which was completed in 1516.
Around the same time Michelangelo also painted the ceiling of the Sistine Chapel, this one took
four years to complete and started in 1508 to be finished in 1512. Now a man named Bramante
hated the fact that the Pope Julius commissioned Michelangelo and manipulated the Pope to make
Michelangelo create the tomb in a medium that he was not good with so that Michelangelo did a bad
job with the

How Did The Medici Family Influence
"The Medici created me, and the Medici destroyed me." This quote by Leonardo Da Vinci (from
here on out will be referred to as Da Vinci) is the best summary for how powerful the Medici family
was and the reach of influence they held in the Italian Renaissance. During the Italian Renaissance
the Medici family rose to prominence and became a powerhouse family sitting in the echelons of
names like the Kennedys, Washingtons, and Roosevelts. They helped push the artistic movements in
the renaissance funding famous artists such as Donatello, Da Vinci, and Fra Angelico. Although
many say that the Medici family rose to prominence due to their contributions to the art community
during the Italian Renaissance, the Medici family's rise to prominence was due to their economic
savvy, brutal cut throat techniques, and sphere of influence. "The gradual rise of the Medici from
comparative obscurity, and not by military conquests, to so high an eminence is one of the most
remarkable things in history"(Young ix). Coming from the middle ages where the only way to
transfer power was from royal bloodline connection, or ... Show more content on Helpwriting.net ...
Traditionally, historians have been critical of Catherine, arguing that after she had failed to secure a
religious compromise at the Colloquy of Poissy in 1561 and to impose a measure of religious
toleration in a series of royal edicts, she threw in her lot with the Catholic extremists in 1572 and
instigated the Massacre of St. Bartholomew's Day (Knecht). Catherine de'Medici in history is
known as an influential leader to one side of France and a vindictive witch to another. It is rumored
that she murdered multiple son's just to be able to hold onto the title of Queen.Catherine de'Medici
also played both sides with protestants and catholics because she didn't want either groups to grow
to strong and take away

The Medici Influence and the Italian Renaissance Essay
Post–Middle Age Italy was afflicted by medieval wars and the bubonic plague. It needed a change to
restore the vision of what Italy could become. This change revealed itself within the Medici family,
who helped return glory and influence to Florence. The Medici family saw the value in contributing
to the advancement of the greatest minds of the period. This was evident in their patronage of
leading artists such as Michelangelo and of renowned teachers such as Galileo. The sphere of
influence the Medicis enjoyed also extended to the political arena, which happened to be heavily
influenced by the Catholic Church at the time. The Medicis capitalized on the power of the Church.
Through this influence and the use of "amici degli amici," or ... Show more content on
Helpwriting.net ...
With Giovanni's death in 1429, some saw an oppurtunity to capitalize on the event by attempting to
displace the Medici family from its high place in the social and political landscape of the time. One
such opportunity was taken by a wealthy rival, the Albizzi family, who put in motion a plot to have
Giovanni's son, Cosimo de Medici, arrested on accusations of treason and banished to Venice (Kent
177). This did not happen without consequences. With Cosimo's exile he took with him a large
source of Florentine capital, the Medici Bank. The Pope intervened and restored the Medicis to
power (Birth). Thus began Cosimo's restoration of Florentine pride and his support of great artists
that many still admire today. An example of the effects of the Medicis' support of artists involves the
Dome of Santa Maria del Fiore. The dome of this chapel was built so large that that no architect
knew how to complete the rooftop structure which made it a humiliating point in Florentine history.
A contest to see who could complete the dome was won when a Florentine engineer named
Brunelleschi, felt he had developed the solution. With the successful completion of the chapel,
support from Cosimo de Medici, and the holy consecration performed by the Pope, a great structure
that had been a source of humiliation was now a source of pride to the Florentines and the Medicis.

The Rise And Decline Of The Medici Family In The...
The focus of this investigation will be "The Medici family supported the artists of the Renaissance
era by providing them financial support, throughout mentorship and because of the prevailing
philosophy and humanism." This investigation will focus on the background of the Medici family
and how they supported artists of the Renaissances era. This investigation will use a primary source
from an artist's work and a secondary source relating to the Medici family uprising.San Lorenzo
(church). Medici chapel. Tomb of Lorenzo de' Medici which held Sculptures by Michelangelo and
Adrien, De Roover Raymond. The Rise and Decline of the Medici Bank, 1397–1494. Norton
Library, 2012.Both sources provide background to the Renaissance time period and how the Medic
family treated artists with their power. The two sources are examples of how the Medicis changed
the renaissance era through their money and power to pursue artists for their own benefit and for the
time periods.
Source: Brunelleschi, Filippo. "San Lorenzo (church). Medici Chapel. Tomb of Lorenzo De' Medici
· Digital Public Library of America." DPLA: Digital Public Library of America. The university of
Michigan. Libraries, 26 Nov. 2012. Web.
This source is a picture showing the San Lorenzo church, which was known as the Medici chapel.
The San Lorenzo Church is originated in Florence in 1419. It also is the Tomb of Lorenzo de'
Medici. Michelangelo makes an imprint on the San Lorenzo church by adding architectural designs
and

Bank Medici Ag Essay
Founded by Sonja Khon in 1994, Bank Medici AG was a bank located in Vienna, Austria. It became
incorporated as a bank in 2003. The bank's president and majority stakeholder is the founder, Sonja
Khon. Its major institutional shareholder is Austria's biggest banking group, Bank Austria
Creditansalt. Khon owned three quarters of the stakes (75%) and Bank Austria owned the remainder.
Prosecutors from the United States, United Kingdom and Austria investigate Ms. Sonja Khon on her
involvement business with Bernad L. Madoff. He is a former NASDAQ chairman and founder of
the Wall Street firm Bernard L. Madoff Investment Securities LLC (BLMIS). For about 23 years, it
is alleged that Khon, operating mostly from overseas, was the go–to link for bankers, hedge–fund
managers and wealthy people outside the United States who wanted to invest indirectly, through
feeder funds, in Madoff's financial services.
Khon's relationship with the financier commenced in 1985 to help grow the Vienna based bank,
channeling investor money worth more than $ 9.1 billion into his company. Mardof operated a one
of a kind Ponzi ... Show more content on Helpwriting.net ...
This is according to affidavits collected by Austrian prosecutors that The Wall Street Journal
reviewed. Madoff in return was supplied with an estimated $3.5 billion from European investors
after Khon turned three Medici funds into feeder funds. The net worth of Madoff's Ponzi scheme
was $65 billion, and the investigations show how Madoff may have convinced fund managers
oversees to root for investors for Madoff. In his lawsuit against Bank Medici AG and its founder,
Sonja Khon, Irving Picard referred to Khon as Madoff's criminal soul mate. According to Picard, the
scheme made Khon and her family rich, including Bank Austria and UniCredit

How Did The Medici Family Control Florence?
Maddison Ortwine
Mrs. Hippenstiel
AP European History
19 August 2016
The Medici Family During most of the Renaissance in Italy, the Medici family controlled Florence.
They were most known for their success in banking and commerce. In these ways they were one of
the main reasons for the political development of Florence. They were also known to be one of the
biggest patrons of the arts of the time. Giovanni de Medici established in 1397 that Florence would
be the Medici's home. Giovanni was an influential, wealthy citizen, who was also the banker to the
papal court. There was even a point in his life that he had even held every political office in
Florence. He like most of his family, supported the arts and was a well–known patron. In 1429 ...
Artists began to compete and find new ways to make art better and more life–like. Cosimo had
commissioned many great arts, including the building of many great cathedrals. He even supported
great artists who are still well–known today like Ghiberti, Brunelleschi, and Donatello. It was
because of this that Florence became the cultural center in Europe and many artists travelled to
Florence knowing they could be commissioned and have others see their work. Even during the time
of Lorenzo the Magnificent, Lorenzo had worked frequently with famous artist, Michelangelo. Also,
the Medici family were even patrons to Leonardo da Vinci for seven years. It was then said that
Cosimo later died in 1464. The Medici family then continued its long line of power and found
themselves not in power only during two short periods, where they were exiled because of revolts.
The Medici family though it was well–known for its patronage was first and foremost famous for its
banking. The Medici bank, as it was called, had a good name in Europe and was well respected.
From this they prospered greatly. They also started using the newer system of double–entry
bookkeeping, enabling them to keep track of credit and debit. The Medici family also

Lorenzo De Medici Essay
Lorenzo de' Medici was the most powerful and enthusiastic patron of the Renaissance. He was an
italian statesman and a ruler of Florentine Republic. Throughout his lifetime he ruled most of
Florence with his younger brother Giuliano from 1469–1478. Lorenzo De' Medici was born on
January 1st,1449 in Florence, Italy. He grew up to be average height and he had short legs. He had
dark hair but his brother was described as handsome and outgoing, however Lorenzo was so full of
dignity that no one paid close attention to his looks. Lorenzo de' Medici was the son of Piero the
Gouty and the grandson of Cosimo. Cosimo, aware of his son Piero's physical weakness and the fact
that he was fearful that Piero would not long be alive to see Lorenzo ... Show more content on
Helpwriting.net ...
He grew up practicing jousting, hawking hunting, and horse racing. At age 19 in 1469 Lorenzo won
his first jousting tournament sponsored by the Medici. As Lorenzo got older he went on missions.
Piero father sent him on these missions that were very diplomatic and important, including trips to
Rome to meet the pope and other religious and political figures. Lorenzo was the type of person
who groomed for power. He got a leading role in 1469 when his father died. He was crowned king
and he was just twenty years old. Lorenzo focused greatly on bank during his rule because his
grandfather drained him to be successful because of his fathers terrible mismanagement and because
Lorenzo's father couldn't properly fix it. During Lorenzo's ruling he created a Council of Seventy
that he hoped would be more manageable then past issues. By doing so he slowly reached the status
he was refusing. Before his career started falling apart he was a very successful patron, a person
who gives financial or offers support to others. For instance he offered help to scholars, artists, and
poets. Lorenzo emerged from the conflict with greatly increased prestige. From then on he was
considered the Wise, "the

How Did The Medici Family Influence The Renaissance
THE MEDICI FAMILY'S INFLUENCE
The Medici family were the most powerful citizens of Florence, leaders of the largest bank in
Europe, and through strategic marriage alliances, joined many of Europe's royal families. They
controlled Florence throughout much of the Renaissance, played a large part in the patronage of the
arts and the political development of the city. They faced many challenges, had both positive and
negative effects and they tried to have solutions to most of their problems which some did not work.
This is an example of the Common Themes Theory.
The Medici family had an economic problem of safety. The Pazzi conspiracy threatened the safety
of the Medici family. "Although it was a maxim of Medici policy to retain close ties with the Holy
See, relations between Lorenzo and Pope Sixtus were not always cordial. The Pontiff was very
displeased when Lorenzo's diplomacy achieved an alliance between Florence, Venice, and Milan,
for such a combination was more than a match for the armies of the Church. Sixtus felt thwarted in
his ambitions to expand the papal territory and uneasy ... Show more content on Helpwriting.net ...
Prior to the late fifteenth century in Florence, the losers of political conflicts routinely faced exile as
punishment for their perceived crimes. Following the Pazzi conspiracy of 1478, however, such
political criminals increasingly received death sentences rather than banishment (Baker). This is an
example of negative effect. The Medici family positive effects are seen through their patronage
support to most artist. According to our text (culture and values), "Cosimo's most significant
contribution to the advancement of Greek studies was the foundation and endowment of an academy
for the study of Plato" (Cunningham) Lorenzo continued the family tradition of art patronage by
supporting various projects and by adding to the Medici collection of ancient gems, other
antiquities, and

Thriving Generations Of The House Of Medici
The Impact of the Thriving Generations of the House of Medici The Renaissance was an essential
time period in European history, which occurred roughly between 1300 and 1600 in Florence, Italy.
During this epoch, attributes of the Renaissance, such as Classical humanism and an upbringing of
political life spread throughout Western Europe. Moreover, out of the 50,000 people in Florence,
around 100 families have influenced the Renaissance's attributes; the most notable of these being
the Medici family (Fiero 377–378). Beginning with Giovanni di Bicci de' Medici's establishment of
the Medici Bank, the family acquired a significant amount of wealth, rising their power during the
fourteenth century. The bank expanded to the farthest corners of Europe, in which they obtained
political control over Florence and the Church. Apart from the political influence, out of the four
generations of the House of Medici, Cosimo, or "Cosimo the Elder," and Lorenzo, or "Lorenzo the
Magnificent," have influenced the components of Classical humanism, consisting of art,
architecture, and literature. Due to their gain of wealth from the hands of Giovanni di Bicci de'
Medici, the family was appointed succession over Florence, allowing them to contribute to the rise
of humanism and political ideals across Europe. Because Giovanni di Bicci de' Medici's
establishment of the Medici Bank has provided wealth under the Medici family name, the family
was able to take over the reign of Florence. The Medici

The Power of The House of Medici Essay
The House of Medici, or the Medici family, was a very influential and extremely powerful family
during the time of the Renaissance in Italy. The Renaissance took place starting in the late 14th
century. During this time, the people started to take interest in and have an appreciation for the
classical times. The beginning of this powerful family really begins with Giovanni di Bicci deˈ
Medici. He was born in the year 1360 in Florence, Italy. Originally from the Tuscan hillside, the
Medici family immigrated to Florence during the 12th century. Giovanni di Bicci deˈ Medici was
the man who really got the family moving. He founded the Medici Bank and began using money to
gain influence. The Medici Bank eventually became the official bank of ... Show more content on
Helpwriting.net ...
Lorenzo was born in 1499 and was known as Lorenzo il Magnifico, the Magnificent. Lorenzo
continued with his grandfather's work and funded talented artists such as Michelangelo, Da Vinci,
and also a public art school. Lorenzo was definitely more concerned with his power, popularity, and
success rather than the banking business. He married a niece of a cardinal, and to keep his success
locked in, Lorenzo married off his daughter to Pope Leo VIII's son. Lorenzo also bought his son,
Giovanni, the role of Cardinal. Giovanni eventually became Pope Leo X. In doing all of this,
Lorenzo widened the Medici family's influence, but he also lessened their personal bank account.
Because the amount of money they had was getting smaller and smaller, the Medici power began to
weaken. Luckily, Cardinal Giovanni de Medici had become Pope Leo X in 1513. Giovanni, Pope
Leo X, was able to make the family wealthy again by selling the freedom from punishment of sins.
Starting now, the Medici family turned its attention from the banking business to the business of the
church. In 1523, Giulio, son of Giuliano and cousin of Giovanni, became Pope Clement VII. To
keep the family full of wealth, Giulio married off his cousin, Catherine, to the heir of the French
throne. The Medici family eventually had three French kings through this arrangement. Lorenzo had
a great–great–grandson named Cosimo I who was born in 1569. As the Grand Duke of

The Power Of Power In Machiavelli's The Prince
The Medici was a very powerful family who started off as just a small family bank, but by using
smart, cunning and risk–taking tactics, they gained and kept control over Florence for the majority
of the period of 1434–1737. Machiavelli was a political leader and author, living in Florence at the
same time as The Medici, but wasn't very fond of them. For that, The Medici had him arrested and
tortured, but despite that he went on and wrote a book called The Prince. The Prince is a short "how
to book" with the intentions of it being "something useful for anyone who understands it" . The
book describes Machiavelli's opinion on what he believes it takes to be an extraordinary prince, and
how to gain and keep full control of the people; by using his personal experiences, observations and
past historical events to prove his points. Although Machiavelli didn't like the Medici, the advice
given in The Prince illustrates the actions of the Medici family, proving them to be powerful and
extraordinary leaders. In The Prince, Machiavelli states that having the right skills and tactics will
help you gain power. He writes that there are two ways to gain power; "one becomes prince through
some wicked and nefarious means", or " when a private citizen becomes prince of his native city
through the favor of his fellow citizens". Agathocles the Sicilian gained power and became prince
through "wicked and nefarious means", he rose through the ranks and one day held a meeting with
all the

The Medici Bank Essay
Giovanni di Bicci de' Medici founded the Medici bank in 1397 after splitting from his nephew to
establish a bank branch in Florence. As the new bank grew and expanded, so did the wealth and
power of the Medici family. When Cosimo il Vecchio de' Medici, Giovanni's son, took over the
banking business in 1434, the increasing economic power of the Medici family allowed them to
establish themselves as effective rulers of Florence while keeping the republican system of
government nominally intact. The bank provided the Medici family a combination of economic and
political power that facilitated the stability of Medici rule. Thus, the failure of the Medici bank
during the reign of Lorenzo il Magnifico was key to the collapse of the Medici ... Show more
The political advantages of the bank also permitted the Medici family to maintain their control over
Renaissance Florence. On an international level, the bank provided the Medici family a degree of
favourable contact with the Pope and other Renaissance princes. The Medici thus relied on a system
of diplomacy in which they attempted to cultivate and maintain personal ties with individual rulers.
As historian Gene Brucker explains, "This [system of] personal diplomacy was most likely to
succeed when it was reinforced by mutual interests; Medici loans to Francesco Sforza [the ruler of
Milan] were repaid when the latter sent troops to Florence to thwart a revolutionary movement."
Milan was not the only state to trade the Medici political favours for bank loans. Economic historian
Raymond de Roover, the author of the most comprehensive economic studies of the collapse of the
Medici bank, also notes that male relatives of the Pope's bankers (the Medici) received preferential
treatment upon entering the holy orders, and were rapidly made bishops, cardinals, and in some
cases, popes. Giovanni di Lorenzo de' Medici, for example, received the tonsure at age seven and
became a cardinal at age fourteen because of the influence his father, Lorenzo il Magnifico, had
with

How Did The De Medici Contribute To The Renaissance?
Medici Banking System
The Medici family had little economic stature in their beginning when they first moved to Florence
in the early 15th century which gave them cause to change their current position and earn a name
and fortune for themselves. Their actions resulted in their family becoming one of the wealthiest and
most powerful families in the 15th century. The Medici family's problem was not having sufficient
funds when they first came to Florence. This created a large concern for them because they did not
have adequate funds. Which created a concern for what could become of them. At first the "Medici
family made their money in the wool trade" (How did the de Medici contribute to the Renaissance?
2017). The Medici family also used the back of their shop to do "illegal transactions" (Detrick
"Early Renaissance"). However this still did not solve their economic dilemma, however eventually
they saved enough money through the wool trade that they were able to "soon prosper in their new
home" (How did the de Medici contribute to the Renaissance? 2017). This gave them profits to
expand their family's interest in wealth and economics. ... Show more content on Helpwriting.net ...
1360–1429) choose to solve the family's economic stature. Giovanni "established the Medici bank"
(How did the de Medici contribute to the Renaissance? 2017) he used the family's profits from the
wool trade to do so. "The Medici bank was one of the most prosperous and most respected in
Europe" (Medici family – New World Encyclopedia 2014). The Medici family gained even more
financial security when they acquired another medieval power, the Catholic church. "The Medici
bank collected 10% of your earnings for the church" (Gods of Bakers). The fact that the Pope had
used the Medici bank also gave cause for the people the want to have an "account with the Pope's
personal bank" (Gods of Bankers N/A). This invention of their bank solved their economic position
and gave them immense

The Rise of the Medici's and their Palace in via Larga
Introduction
The Medici family was a great power during the renaissance. Through their success in banking and
politics they amassed great wealth and influence during this time. The Family's patronage in Art,
Architecture, and Education were key in making Florence into the city that it is today. They rose to
immense power not only in Florence but also throughout Tuscany. You can especially see their
influence throughout Florence today in the architecture still standing such as Palazzo Medici–
Riccardi, Palazzo Vecchio, and Palazzo Pitti. Included in their lineage are many powerful
connections in the church and royalty that helped to hoist them into greater prosperity.
The Rise of the ... Show more content on Helpwriting.net ...
When Giovanni Medici took leadership of a bank run by his cousin in 1393, he launched a long
prosperous career in banking that eventually brought the Medici name immense wealth and power.
He moved the headquarters of the bank from Rome to Florence in 1397 in order to gain more
investment opportunities, which eventually enabled him to set up a system of branch banks. This
system allowed more protection from bankruptcy of the individual branches due to local economic
difficulties. Different branches enabled the Giovanni to engage in multiple investment opportunities
throughout Italy. Investments included wool, cloth, alum, spices, olive oil, silk stuffs, brocades,
jewelry, silver plate, and citrus fruit. After his death, the bank passed on to Giovanni's son Cosimo
and continued to expand and prosper throughout Europe. Under Cosimo's leadership the Medici
bank became one of the largest and most prosperous banking empires in Europe. They made huge
profits on interest and this was largely where the Medici gained their immense

The Medici family started their rise to power in the 1200's as a not very well known middle class
family. They were inferior to a multitude of families but eventually grew to be the most important
family in Florence and Italy at their peak. The Medici took advantage of the ciompi Rebellion in
1378 when Salvador de Medici tried profiting from the rebellion by attempting to become the
layman's leader. In 1393, Giovanni de Medici took ownership of the Roman branch of a bank owned
by one of his Florentine cousins. He moved the headquarters of his bank to Florence in 1397, the
official founding date for the Medici Bank. At the time, Rome was a source of funds, but Florence
offered more investment opportunities. The Medici set up a system of branch ... Show more content
on Helpwriting.net ...
His banking house trained and employed Giovanni and his elder brother Francesco, who eventually
became partners in the firm. After Vieri split his three banks, Giovanni took his to Florence and
seeked out Gentile di Baldassare Buoni as a partner. They raised 10,000 gold florins and began
operating in Florence, though Gentile soon left the firm. This move had certain advantages for a
bank, because as the predominant large banks of the 14th century which were based in Florence
such as the the Bardi, Acciaioli, Peruzzi families (Roover, 38). While Giovanni was in Florence he
was able to grow the bank and create several new branches. His branch in venice was very lucrative
due to investment opportunities. On March 25, 1402, the third branch of the Medici bank was
opened in Venice. It suffered from some initial mismanagement but eventually began profiting. It
was this branch that established the practice of having a general manager's remuneration be paid
through shares in the branch that he purchased with his investment. Also in 1402, the first Medici
factory was established for the production of woolen cloth, and then another in 1408. Where
Giovanni really helped the Medici family rise to power was in 1413. In 1413, Giovanni bet on the
return of the papacy to Rome after the great schism and the French Avignon Popes. Giovanni took
this educated leap of faith due to one of his influential

Credit Unions Benefits
Why are credit unions a non–profit organization and banks are for profit? The Credit Union is
always there to help members achieve their financial goals and it is run by the members. Banks are
run by board of directors and bankers make decisions that increase their profits. "Profits made by
credit unions are returned back to members in the form of reduced fees, higher savings rates and
lower loan rates." It is there to mainly serve the members interest rather than to charge the members.
"Not for profit, not for charity, but for service." Credit Unions reward members with leftover profit,
pay expenses and costs first. Friedrich Wilhelm Raiffeisen was in charge of the Credit Union to help
farmers in Germany. The first Credit Union was organized ... Show more content on Helpwriting.net
...
The Medici bank was the most famous Italian bank and it was accepted by Giovanni Medici in
1397. The oldest bank is the Monte Dei Paschi Di Siena; it has been running since 1472 in Italy.
Money lending started from Ancient China and India. The Bardi and Peruzzi families accepted
branches in parts of Europe. "The development of banking spread from northern Italy throughout
the Holy Roman Empire, and in the 15th and 16th century to northern Europe. Both banks and
credit unions have the objective to serve financial needs of the customers. They both have
Automated Teller Machines, branches, depositors insurance, and are overseen by regulators. ATMs
are located everywhere for a purpose because they want to make things easier for people and locate
them in a place where people can easily get to. People can access an ATM if they have a credit or
debit card to withdraw and insert money. It saves a lot of time instead of going inside the bank or
credit union and stand in long

Consequences Of The Madoff Ponzi Scheme
The Madoff's Ponzi scheme had consequences which affected all the society. In pratical terms, those
consequeces were extended to assets management firms, commercial banks, financial services
companies, charity organisations, among others. It has concerned several parts of the globe, such as
the United States, Spain, France, the Netherlands, Switzerland and several others.
Those consequences were either economic, phsycolgical, or financial. On the one hand, there were
several companies affected by this scheme, such as Fairfield Greenwich Advisors, Tremont Capital
Management, Bank Santander, Bank Medici, among others. Those, consequently, were accused by
their clients of loosing their money, which had been invested in Madoff's company. It ... Show more
This claims have generated losses for the company, through an agreement made and accepted by the
majority of the clients, which consisted of giving these last ones $2 billion worth of preferred stock
in Santander, which would pay a 2% dividend.
Also, Union Bancaire Privee, had claims against them, for investing in Madoff. The company
agreed to pay $500 million to resolve Bernard Madoff trustee's claims, which resulted in a discharge
of the client's claims.
Bank Medicini was another bank to be sued by its customers in the US and in Austria. The bank
reported that two of their funds were affected by Madoff's scheme. This resulted in several
consequences, besides the bank being sued, such as going for sale and being under investigation
together with its founder.
Another bank, the Westport National Bank, was sued for helping and enhancing Madoff's fraud. It
includes the investments made by the bank's clients and another fees, totalizing $16.2 million.
The banks had indeed several damages, concerning legal problems due to their investments in
Madoff company, which generated large economic losses. Moreover, there was a potential loss of
credibility in each of this banks, as its clients feared to exploit their services, due to lack of
confidence in those

Biography Of Cosimo De ' Medici
Cosimo de' Medici was born on September 27, 1389 in Florence, Italy at the time his family was
middle class bankers. At a young age his father Giovanni, introduced his son to the family business
of banking. As Cosimo grew older, he took on more duties in the family business and eventually
became the head of the bank the family owned. When he was a young man he had an important
relationship with the Catholic Church, at this time the Church was the dominant religious faith of
Europe, the one most powerful men in Europe was the Pope. Cosimo recognized the important role
of the Catholic Church and made a friendship with the Pope. After this relationship the Medici
banks were handling most of the Church's financial accounts. Some ... Show more content on
Helpwriting.net ...
In 1539, Cosimo married Eleonora, who has daughter to the Spanish viceroy of Naples and they had
eleven children, seven sons and four daughters. Two of their sons, Giovanni and Garzia, died of
malaria in 1562, two years later Cosimo stepped down from his government post, and gave
Francesco reins over Florence. In 1569, Pope Pius V crowned Cosimo as Grand Duke of Tuscany, at
Vatican in the Sala Regia in Rome. Cosimo married his mistress, Camilla Martelli in 1570.
Cosimo traditionally has been accused of destroying Florentine liberties, these ancient liberties are
more of an illusion than a reality, he only had to make the formula of those he was evicting. To not
be taken by surprise like the Albizzi, he perfected the system by not changing in the law's actual
administration, but in the spirit of law he changed everything, it was a rule to fill high official
positions by drawing lots. The process was manipulated so that only the names of the men who
could be depended upon were drawn. The independent mood of the two municipal assemblies
neutralized by making an exceptional procedure the rule by dictatorial powers were now granted for
a fixed term that

Florence : A Burst Of Individualism
In the thirteenth and fourteenth century, the trade between cities in Europe grew to new heights,
which created enormous wealth. The Renaissance occurred through the fourteenth century until the
seventeenth century and said to be "a burst of individualism"(3). The most distinct symbols of the
Renaissance occurred in Florence where trade and banking are directly linked to the success of the
arts during the time period. Many families grew extremely rich and powerful through the trade and
banking. The most well know family was the Medici's, who developed to be the most powerful and
most crucial influences of the Renaissance.
The origin of the Medici bank was in Florence, Italy and its locations was one of the biggest
contributors to the banks success. Florence was accessible by road for trade or along a river, known
as The Arno that connected to the Mediterranean Sea. The cities biggest product that the merchants
traded was cloth. Cloth was the cities main product because the factories were able to use the water
from the river to run their factories. Florence was connected to the cities of Rome and Pisa by river
and roads as well for trade. Both Rome and Pisa are located close to the mouth of The Arno River, a
short travel from the Mediterranean Sea making them large trading ports. In comparison to other
cities, the wealth and trading routes of Florence made it easy for the bank to run their business.
During this time period, the church acted as a form of government and they

The Late And Post Renaissance
The late and post–renaissance was a time dominated by the Medici family, but many other Italian
families had their time in power. As the late renaissance ended and the post–renaissance era started,
the Corsini family gained power and influence under the Medici. With banks in England, offices
around Europe, and palazzos in Italy, the family made fast and large steps toward gaining influence
and relevance in Italy. While they earned respect on the financial side, they also progressed on the
religious side, thus earning them nearly the same amount of power and influence as their Medici
counterparts. The Corsini family maintained their status during the Medici rule by developing a high
status on the financial and religious sides of life.
The ... Show more content on Helpwriting.net ...
He was the first Medici to have served on the Florentine Board and he was also a de–facto ruler of
Florence. Later in Cosimo's life, the next great Medici, Lorenzo, was born (Encyclopedia
Britannica). In 1449, Lorenzo Medici, or Lorenzo, the Magnificent was born. He would prove to be
one of the greatest Florentine and Medici rulers, as he was a patron of the arts and accomplished
many feats for the great city, this is what made him so popular with the citizens and this helped him
to earn higher status and respect for the family. He was also one of the most skilled politicians of the
time, but sadly for Florence and the Medicis, he fell ill and died at the young age of 43, This ended
the highest period of power for the family. (Encyclopedia Britannica).
The financial side of the Corsini family began in the later half of the 15th Century with a bank based
in England and helped them to develop a primary financial status to maintain stability under the
Medici. When Matteo Corsini originally created the family bank in London, it gave the Corsinis the
money to purchase and invest in land back in Tuscany (PrincipeCorsini.com), this act gained
preliminary power for the family in Italy. After Mateo had passed, Filippo Corsini ran the bank in
London as well as a branch of commercial desks across Europe. With the help of his son
Bartolomeo, he was also able to establish a successful postal service that could

Catherine De Medici Family Impact
Did the Medici family impacts have more of a pro or con impact?
The immediate and long term impact of wealthy families like the Mediciś. Cosimo de Medici ruled
the city of Florence in 1434 and Florence was ruled by the Medici for the next 303 years until 1737
.During Cosimoś ruling he concentrated on Florence and its politics, this in turn made politics rule
Florence not money. There was a declining factor of financial imagery in 1529, this lead the Medici
´s to change from merchants to aristocrats and some to royalty like Queen Catherine de Medici.
Cosimo de Medici began the Medici dynasty in Florence, Whose influence led to Galileo changing
the name of Jupiter's four moons.
Cosimo was given the title "father of the country" by using his family's money to help reshape
Florentine politics. At this time politics dominated city culture. The ultimate beneficiary of Medici
patronage was Michelangelo. ... Show more content on Helpwriting.net ...
This was true for the majority of most but not all members because, Catherine De Medici the Queen
of France was known to some as a reliable monarch who shouldn't be upset since she was notorious
for using her vast variety of poisons to take care of anyone deficient in her court. To the few she was
the collected,valiant and non– resenting wife to King Henry who had a mistress diane de portie who
was10 years older and had more political say in what happened to the country of France when the
king had more pressing matters than what was currently at

Bicci De Medici Bank
In Italy during the Middle Ages and the Renaissance is when capitalism and private ownership took
root. Italy was the dominant economic power of the western world. The merchants that worked and
resided in the region were the leading business men of the time. Trade was growing rapidly and
some of the major exports included silk, cloth and wool. Giovanni di Bicci de Medici worked his
way to wealth and laid the foundation for his family to become the most powerful family in Italy. In
"The Rise and Decline of the Medici Bank," describes the beginnings of the Medici family.
Giovanni came from humble beginnings; he did not come from money. His father Averardo de
Medici died during the plague in 1963, he split what little money he had between his five sons. After
his father's death, Giovanni and his brother Francesco obtained work in Rome, from their distant
cousin Messer Vieri di Cambrio. They both worked as apprentices in their cousins banking house.
From there, they rose to the position of partners of the firm. Giovanni decided to purchase part of
the firm, using the dowry from his wife, and when Giovanni's cousin retired in 1393, Giovanni took
over the business. In 1397, he relocated the banks headquarters to Florence, Italy. This ... Show
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This caused the banking companies to collapse, due to overextension of credits and loans. After the
crash the Pope could not find a banking firm that could facilitate the transfer of papal revenues. The
Alberti firm took on the papal finances and was one of the most powerful banking companies at the
time, but due to family disputes the firm split. The family eventually found themselves forced into
exile for falling into disgrace with the ruling Florentine oligarchs. In its place rose the Medici,
Pazzi, Rucellai, and the Strozzi families, all competing for the Papal business. Giovanni Medici
managed to beat his fellow competitors and became the bank to the

Dreams Of Avarice In Niall Ferguson's The Ascent Of Money
Dreams of Avarice In the first episode of The Ascent of Money, a man by the name of Niall
Ferguson was set out to explain how powerful money was. Money has the ability to turn you into a
powerful individual, but it can also crush you. Like Ferguson stated, "the power of finance is
everywhere we look and it affects all of our lives". Everyone needs to eat, everyone needs a place to
live, and everyone needs transportation to and from work and school. We all need money to provide
for products and services we use on a daily basis and that is what Ferguson is trying to get across.
We can't escape the the use of money. If we go back 500 years in history, we can look at one of the
preeminent societies in South America, the Inca Empire. The Inca's had no real concept of money,
but they did value rare metals such as gold and silver. The unit of value in the Inca Empire was
labor. Later, Francisco Pizarro and his team of Conquistadores came to South America in search one
of thing, money. After the Conquistadores defeated the Inca army at the Battle of Cajamarca they
headed over to Potosí, which is now a city in Bolivia, where they discovered the mountain of Cerro
Rico. Here, the Conquistadores had found the jackpot. Within their 250 years of rule the Spaniards
had extracted more than two billion ounces of silver. ... Show more content on Helpwriting.net ...
The members of the Medici bank also did their work sitting on benches and behind tables. The first
location was in Via dell Arte della Lana, also known as, Wool Guild Street. Since they were
confronted with different currencies they took out a commission for the conversion of the currency
instead of charging interest. Since no interest was applied, there was no sin. Little by little they
started expanding into areas such as Florence, Venice, and Rome. The Medici bank was doing
everything right. They soon grew to be a powerful financial unit in

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